openPR Logo
Press release

Barite Market report categorizes the global market by Grade (Up to Grade 3.9, Grade 4.0, Grade 4.1, Grade 4.2, Grade 4.3, Grade above 4.3), by Color (Brown, White & Off-White, Grey, Others), by End-Use Industry (Oil & Gas, Paints & Coating, Pharmaceutical

10-25-2017 03:41 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: CMI-Reports

Global Barite Market

Global Barite Market

Baryte or barite is a white or colorless mineral and is a major source of barium. The barite group consists of anhydrite, baryte, celestine, and anglestite. Barite can be commonly found in the lead-zinc veins in limestones and are deposited through wide range of processes including, evaporation, hydrothermal, and biogenic, among others. It is an industrial mineral that contains 34.3% sulfate and 65.7% barium oxide when in pure form. The properties such as low solubility, high density, chemical inertness, and low cost makes barite an essential industrial mineral, with high demand in the oil and gas, paint and coatings, and pharmaceutical industries.

Request a sample copy of this report:http://bit.ly/2zNzW2a

Growing demand for oil and gas throughout the globe is the major factor driving growth of the global barite market. Oil and gas accounts for the largest user of barite, owing to its property as a weighing agent for drilling fluids. Growing demand for oil and gas in the emerging economies so as to become energy sufficient, is fueling growth of the oil and gas industry, in turn, augmenting demand for barite. According to the International Energy, the global energy demand is set to increase from 268 mboe/d in 2013 to 399 mboe/d by 2040. Moreover, increasing demand for barite in the paints and coating and pharmaceutical industries, is further expected to fuel growth of the barite market. Furthermore, the low oil absorption and high brightness of barite makes it desirable to be used in the pigments of paints and coatings for automobiles and consumer goods. Hence, the growing automobile industry also contributes to growth of the global barite market. According to the Organization Internationale des Constructeurs d’Automobiles (OICA), the automotive industry has witnessed a growth of 4.5% during 2015-2016. However, the limited presence of barite throughout the globe and high costs associated with its transportation pose as major restraints to growth of the global barite market.
In terms of revenue, Asia Pacific is the fastest growing market for barite, witnessing a CAGR of 6.49% over the forecast period. The rapidly growing oil and gas industry in the emerging economies of the region such as India and China, is the major driving factor for market growth. Growing population coupled with increasing disposable income among the populace in the region has augmented demand for energy in the region. As per data released by the U.S. Energy Information Administration (EIA), total liquid fuel consumption in Asia Pacific is estimated to reach 33.3 million barrels per day (bpd) in 2017, with China accounting for 80% of the consumption in the region. Furthermore, the recent discovery of barite deposits in the Krishna-Godavari basin (KGD6) India, has brought in investments from various companies, with Reliance announcing an investment of US$ 6 billion in 2015.

Request Customization of the report:http://bit.ly/2yNziU8

North America is the largest market for barite and is expected to retain its dominance through 2025. North America barite market was valued at US$ 0.56 billion in 2016 and is expected to exhibit a CAGR of 6.21% over the forecast period. The shale oil revolution in the region has surged the growth in the exploration and development activities, which in turn has led to major capacity addition in the region, subsequently fueling demand for barite as weighting agent in the oil and gas industry. According to the U.S Energy information Administration (EIA), around 15.8 trillion cubic feet of natural gas was produced from shale reserves in the U.S. in 2016.
Europe is the second largest market for barite, projected to witness a CAGR of 5.24% during the forecast period. The growth in the exploration and production activities, especially in the North Sea has surged the barite market in the region. Moreover, the dominant automobile and consumer goods industry in the region has increased the demand for paint and coating in the region, which in turn is significantly driving the barite market due to its major use in pigments in paint and coating industry.
Among end-use industries, oil & gas was the largest segment in 2016 and is expected to show the same trend during 2017–2025. Oil and gas held a market share of 80.01% in 2016. 

Major Players in the Global Barite Market:

Some of the major players in the market are Seaforth Mineral & Ore Co. Inc., CIMBAR Performance Minerals, Shijiazhuang Oushun Mineral Products Company Limited, Excalibar Minerals LLC, Shanghai Titanos Industry Company Limited. International Earth Products LLC. Spectrum Chemical Manufacturing Corporation, Anglo Pacific Minerals, and Desku Group Inc,

View this full report:http://bit.ly/2yL5cig

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr.Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Barite Market report categorizes the global market by Grade (Up to Grade 3.9, Grade 4.0, Grade 4.1, Grade 4.2, Grade 4.3, Grade above 4.3), by Color (Brown, White & Off-White, Grey, Others), by End-Use Industry (Oil & Gas, Paints & Coating, Pharmaceutical here

News-ID: 786098 • Views: 248

More Releases from CMI-Reports

Global Flavored and Functional Water Market Revenue Growth Predicted by 2018-202 …
The global flavored and functional water market was valued at US$ 29.01 Billion in 2017, according to Flavored and Functional Water Market Report, by Ingredients (Vitamins and Minerals, Botanical Extract, Amino Acids, and Others), By Distribution Chanel (Hypermarket, Supermarkets, Convenience Stores, Specialty Stores, Online Channels, and Others), published by Coherent Market Insights. The flavored and functional market is projected to reach US$ 70.32 Billion by 2025, exhibiting a CAGR of 11.98% during the
PVC Packaging Materials Market – Size, Share, Outlook, and Opportunity Analysi …
Polyvinyl chloride (PVC) packaging material is used in various end-use industries such as personal care, food and beverages, medical, and others, owing to its properties such as light weight, good impact strength, resistance to oil, grease and chemicals, and others. The high versatility of plastic enables in reuse and recycling. Market Dynamics PVC packaging requires less fuel to produce as compared to that of other packaging materials such as metal and glass.
Avocado Oil Market to Witness Widespread Expansion During 2025
Avocado oil is extracted from the Persea Americana fruit and is used as a cooking oil, in cosmetics, and for lubrication, due to its moisturizing and regenerative properties. Avocado fruit is also known as butter pea or vegetable butter originated in Central America. Avocado oil consists high concentration of potassium, vitamins such as A, D, and E, and monounsaturated fats. Some of the properties of avocado oil are high smoke
Wood Preservatives Market, by Formulation, Application, and Geography - Trends a …
Global Wood Preservatives - Insights Wood preservatives such as copper azoles, synthetic pyrethroids, creosote and various other preservatives, are the chemicals applied on wood to preserve it from fungi, insects, termites, ants, and other microbes. These preservatives also prevent the wood from decomposition, degradation and decay, and provides a longer life, thereby increasing its durability. Growth of wood preservatives market is fueled by the use of wood in marine piling, utility fencing,

All 5 Releases


More Releases for Barite

Global Barite Industry Analysis By Geography
Stratistics MRC's Barite Market report explains company profiling, key segments, market trends, top players and regional, country-level segments. Barite is a kind of mineral that carries barium sulfate.BaSO4 is the chemical formula used for barite. The barite is found in many colours such as white, brown, grey, yellow and brown. It can be colourless. Countries like china, US, India and Morocco are the primary countries where commercial deposits of barite are
2028 Barite Industry Report Growth Forecasts
Stratistics MRC's Global Barite Market value expected to reach $3.05 billion growing at a CAGR of 9.3% during 2020-2028. Barite is a kind of mineral that carries barium sulfate.BaSO4 is the chemical formula used for barite. The barite is found in many colours such as white, brown, grey, yellow and brown. It can be colourless. Countries like china, US, India and Morocco are the primary countries where commercial deposits of barite
Global Barite Industry Analysis By Geography
Stratistics MRC's Barite Market report explains company profiling, key segments, market trends, top players and regional, country-level segments. Barite is a kind of mineral that carries barium sulfate.BaSO4 is the chemical formula used for barite. The barite is found in many colours such as white, brown, grey, yellow and brown. It can be colourless. Countries like china, US, India and Morocco are the primary countries where commercial deposits of barite are
2021 Barite Industry Global Analysis Report
Stratistics MRC 2021 Barite Market report is Barite is a kind of mineral that carries barium sulfate.BaSO4 is the chemical formula used for barite. Barite is a kind of mineral that carries barium sulfate.BaSO4 is the chemical formula used for barite. The barite is found in many colours such as white, brown, grey, yellow and brown. It can be colourless. Countries like china, US, India and Morocco are the primary countries
Barite Market – Global Industry Report, 2027
Albany, NY - Key Highlights A recent research report published by Transparency Market Research projects the global barite market to expand at a CAGR of 4.5% during the period between 2019 and 2027. The report, titled “Barite Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 – 2027,” estimates the global barite to reach US$ 2.0 Bn by 2027, from US$ 1.3 Bn in 2018. Barium, a chemically inert
Global Barite Market Size, Share | MarketResearchReports.biz
Latest industry research report on: Global Barite Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Global Barite Market: Overview Barite, also known as baryte, is a milky white crystalline mineral mostly composed of barium sulfate. It has one of the highest specific gravities among all weighting agents. Barite is widely used as a weighting agent, filler agent, and extenders. It is employed in oil & gas